1 October 2022 false No description of principal activity Taxfiler 2023.15 NI651179business:PrivateLimitedCompanyLtd2022-10-012023-09-30 NI6511792022-09-30 NI6511792022-10-012023-09-30 NI651179business:AuditExemptWithAccountantsReport2022-10-012023-09-30 NI651179business:FilletedAccounts2022-10-012023-09-30 NI6511792023-09-30 NI651179business:Director12022-10-012023-09-30 NI651179business:RegisteredOffice2022-10-012023-09-30 NI6511792022-09-30 NI651179core:WithinOneYear2023-09-30 NI651179core:WithinOneYear2022-09-30 NI651179core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 NI651179core:ShareCapitalcore:PreviouslyStatedAmount2022-09-30 NI651179core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 NI651179core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-09-30 NI651179core:PreviouslyStatedAmount2023-09-30 NI651179core:PreviouslyStatedAmount2022-09-30 NI651179business:SmallEntities2022-10-012023-09-30 NI651179countries:NorthernIreland2022-10-012023-09-30 NI651179core:LandBuildings2022-10-012023-09-30 NI651179core:PlantMachinery2022-10-012023-09-30 NI651179core:MotorVehicles2022-10-012023-09-30 NI651179core:FurnitureFittings2022-10-012023-09-30 NI651179core:ComputerEquipment2022-10-012023-09-30 NI651179core:OtherPropertyPlantEquipment2022-10-012023-09-30 NI651179core:Goodwill2022-09-30 NI651179core:Goodwill2023-09-30 NI651179core:Goodwill2022-10-012023-09-30 NI651179core:LandBuildings2022-09-30 NI651179core:PlantMachinery2022-09-30 NI651179core:MotorVehicles2022-09-30 NI651179core:FurnitureFittings2022-09-30 NI651179core:LandBuildings2023-09-30 NI651179core:PlantMachinery2023-09-30 NI651179core:MotorVehicles2023-09-30 NI651179core:FurnitureFittings2023-09-30 NI6511792021-10-012022-09-30 iso4217:GBP xbrli:pure
Company Registration No. NI651179 (Northern Ireland)
Currie Fabtech Limited Unaudited accounts for the year ended 30 September 2023
Currie Fabtech Limited Unaudited accounts Contents
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Currie Fabtech Limited Company Information for the year ended 30 September 2023
Director
John Currie
Company Number
NI651179 (Northern Ireland)
Registered Office
45 Dullaghy Road Coleraine BT515PB
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Currie Fabtech Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
391,374 
495,874 
Tangible assets
1,627,987 
1,753,623 
2,019,361 
2,249,497 
Current assets
Inventories
119,724 
137,131 
Debtors
366,911 
1,511,942 
Cash at bank and in hand
478,470 
908,763 
965,105 
2,557,836 
Creditors: amounts falling due within one year
(1,566,211)
(3,659,909)
Net current liabilities
(601,106)
(1,102,073)
Net assets
1,418,255 
1,147,424 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
1,418,252 
1,147,421 
Shareholders' funds
1,418,255 
1,147,424 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2024 and were signed on its behalf by
John Currie Director Company Registration No. NI651179
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Currie Fabtech Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Currie Fabtech Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI651179. The registered office is 45 Dullaghy Road , Coleraine, BT515PB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land and Buildings per the fixed asset note represent improvements to the leasehold property.
Land & buildings
20% Straight Line
Plant & machinery
10% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
20% Reducing Balance
Other tangible fixed assets
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation has been provided at 10% straight line to write the assets off over their estimated useful lives of 10 years.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Currie Fabtech Limited Notes to the Accounts for the year ended 30 September 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
913,874 
At 30 September 2023
913,874 
Amortisation
At 1 October 2022
418,000 
Charge for the year
104,500 
At 30 September 2023
522,500 
Net book value
At 30 September 2023
391,374 
At 30 September 2022
495,874 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 October 2022
84,564 
2,397,107 
29,980 
54,712 
2,566,363 
Additions
5,697 
110,768 
- 
11,849 
128,314 
Disposals
- 
(86,000)
- 
- 
(86,000)
At 30 September 2023
90,261 
2,421,875 
29,980 
66,561 
2,608,677 
Depreciation
At 1 October 2022
35,679 
730,170 
17,332 
29,559 
812,740 
Charge for the year
17,664 
164,446 
3,162 
5,984 
191,256 
On disposals
- 
(23,306)
- 
- 
(23,306)
At 30 September 2023
53,343 
871,310 
20,494 
35,543 
980,690 
Net book value
At 30 September 2023
36,918 
1,550,565 
9,486 
31,018 
1,627,987 
At 30 September 2022
48,885 
1,666,937 
12,648 
25,153 
1,753,623 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
366,911 
511,942 
Other debtors
- 
1,000,000 
366,911 
1,511,942 
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Currie Fabtech Limited Notes to the Accounts for the year ended 30 September 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
66,123 
102,220 
Trade creditors
14,967 
51,719 
Amounts owed to group undertakings and other participating interests
816,327 
1,683,818 
Taxes and social security
141,097 
173,336 
Other creditors
108,885 
373,980 
Loans from directors
411,531 
1,269,129 
Accruals
7,281 
5,707 
1,566,211 
3,659,909 
8
Transactions with related parties
The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.
9
Average number of employees
During the year the average number of employees was 18 (2022: 19).
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